Gram (prev. Toncoin) TON
TON cycle analysis · chart, confirmed lows and fundamentals
Watch Phoenix · weekly · score 30.4 mixed
53.6% below its 365-day high of $2.91 (2026-05-07), +20.0% off the 365-day low. Snapshot 2026-10-21 UTC.
On the Watch.
54% below its rolling 365-day high, 167 days after the high.
Phoenix weekly: stopped falling by the rules, +5.0% above the Sep 2026 trough. Details below.
Since the previous scan.
Tier, recovering badge and Phoenix state are unchanged between these two observations.
Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.
Recorded timeline →Where it sits in each cycle
a swing low confirms only when a later bar takes out the low bar's highMonthly
- Last bars
- 1r 2Dr 2Dr 3g 1r
- Confirmed low
- $1.12 · 2026-02-28
- Position
- 8 of median ? (max ?)
- Current low
- $1.29 · unconfirmed
- Confirms above
- $1.73
- Cycle-low confidence
- —
- Confirmed lows
- 1
Weekly
- Last bars
- 2Ug 1r 2Dr 2Dr 1g
- Confirmed low
- $1.29 · 2026-09-20
- Position
- 5 of median 6 (max 11)
- Current low
- $1.30 · unconfirmed
- Confirms above
- $1.46
- Cycle-low confidence
- 85% · in band
- Confirmed lows
- 8
Daily
- Last bars
- 2Dg 2Dr 2Ug 2Dr 1g
- Confirmed low
- $1.31 · 2026-10-18 (daily)
- Position
- 3 of median 5.0 (max 18)
- Current low
- $1.33 · unconfirmed
- Confirms above
- $1.37
- Cycle-low confidence
- 14%
- Confirmed lows
- 55
The full read, in sentences
- Monthly: forming bar is a red inside bar. Last confirmed swing low 1.12 (Feb 2026). Current low 1.29 is unconfirmed — it confirms above 1.73.
- Weekly: forming bar is a green inside bar. Last confirmed swing low 1.29 (Sep 2026), week 5 of a cycle that has typically run 6. Current low 1.30 is unconfirmed — it confirms above 1.46. Cycle-low confidence 85%.
- Daily: bar is a green inside bar. Last confirmed swing low 1.31 (2026-10-18), day 3 of a cycle that has typically run 5. Current low 1.33 is unconfirmed — it confirms above 1.37. Cycle-low confidence 14%.
- Watch: 54% below the 2026-05-07 high; +20% off the 365-day low.
- Phoenix: 56% decline over 4 months, weekly swing low confirmed (next-bar), now +5% above the trough; a weekly pullback is forming at 1.30; it confirms above 1.46.
- Gauges: Mayer multiple 0.87 (cheap); -50% from the all-time high.
Has Gram (prev. Toncoin) bottomed?
A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the TON snapshot records on 2026-10-21 UTC:
Monthly: the last confirmed swing low is $1.12 from 2026-02-28. A newer candidate at $1.29 is unconfirmed; its confirmation level is above $1.73, provided the candidate low is not undercut first. The latest monthly bar is still forming.
Weekly: the last confirmed swing low is $1.29 from 2026-09-20. A newer candidate at $1.30 is unconfirmed; its confirmation level is above $1.46, provided the candidate low is not undercut first. The latest weekly bar is still forming.
Daily: the last confirmed swing low is $1.31 from 2026-10-18. A newer candidate at $1.33 is unconfirmed; its confirmation level is above $1.37, provided the candidate low is not undercut first.
How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.
How far is Gram (prev. Toncoin) below its high?
The Coinbase price snapshot is 53.6% below its rolling 365-day high of $2.91 from 2026-05-07. Separately, CoinGecko reports -83.6% relative to its all-time high of $8.25 in the fundamentals snapshot pulled 2026-10-21.
Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.
The recorded history
scan observations, not exact transition timesFirst observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.
- Watch → Watch · Phoenix weekly
- First observed: Watch
Phoenix
stopped falling, by the rules- Peak
- $2.91 · May 2026
- Trough
- $1.29 · Sep 2026
- Decline
- -55.8% over 4 months
- Above trough
- +5.0%
- Monthly
- not yet · trigger $1.73
- Weekly
- confirmed (next-bar)
- False bottom
- none
- Entry
- forming at $1.30 · confirms above $1.46
| decline | 12.9 |
| confirmation | 10 |
| earliness | 7.5 |
| stale | 0 |
| false bottom | 0 |
| bluechip | 0 |
Fundamentals
| Liquidity (24h volume / market cap) can you get out | 0.53 % | 0.1 / 15 |
| Supply overhang (FDV / market cap) unlocked supply waiting to sell | 1.87 x | 8.5 / 15 |
| Size (market-cap rank) survivorship | 32 # | 9 / 15 |
| Usage (price / annualized fees) fees people actually pay to use it (DefiLlama) | 4890.5 x | 0 / 20 |
| TVL backing (market cap / TVL) capital parked in it (DefiLlama) | 88.23 x | 0.0 / 15 |
| Fee momentum (30d vs prior 30d) is usage growing into the recovery | -8.0 % | 4.2 / 10 |
| Age on Coinbase survived a cycle | 0.9 yrs | 1.2 / 10 |
7 of 7 measurable; score renormalized over what was measurable.
- Market cap
- $4.27B
- Fully diluted
- $7.97B
- 24h volume
- $22.7M
- Circulating
- 2,818,959,568
- All-time high
- $8.25 · 2024-06-14 (-83.6%)
- TVL
- $48.4M (chain)
- Fees 30d
- $71.8K
- Revenue 30d
- $35.9K
- Fees 1y
- $1.9M
- Mayer multiple
- 0.872 · cheap
- On Coinbase since
- 2025-11-18 (338 bars)
- CoinGecko id
- the-open-network
Continue your cycle research
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